Rupee falls to all-time low against US dollar
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange market ahead of the budget on Thursday.
A strong dollar in overseas markets weighed on the Indian currency, a currency dealer said.
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Yesterday, the rupee had ended 2 paise higher at 63.58 against the US dollar.
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Foreign investors withdrew a net Rs 136 crore from stocks yesterday, according to provisional FPI data.
Meanwhile, the benchmark BSE Sensex rose by 171.38 points, or 0.47 per cent, to 36,136.40 in opening trade on Thursday.
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